The client created an irrevocable trust to put rental property in it. The properties generated a loss so K1s are not required because there is no income and it's not the final year. Because of this loss, money was lent to the trust to pay expenses for the property. Is this documented on the return or is it only added on as an "other deduction" as it is being paid back in future years?
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Irrevocable Family Trust
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